NORTHBROOK, IL, November 16, 2023 – Allstate Company (NYSE: ALL) right now introduced its October 2023 auto and householders insurance coverage charges.
“Allstate continued to implement vital auto and householders insurance coverage fee actions as a part of a complete plan to enhance profitability. Charge will increase for Allstate branded auto insurance coverage for the reason that starting of the yr is predicted to have a ten.4% affect on premiums, growing annualized premiums by roughly $2.7 billion.Moreover, fee will increase on Allstate branded householders insurance coverage insurance policies elevated premiums. The affect is 9.6%, which is predicted to extend annualized premiums by roughly $982 million. The applied fee hike and insured residence substitute price inflation will improve the typical home-owner insurance coverage premium in October 2023. “Gross written premiums elevated 12.2% yr over yr,” mentioned Jess Marten, Allstate Company’s chief monetary officer. Our auto and householders insurance coverage charges can be found at www.allstateinvestors.com.
Allstate’s estimated disaster losses had been under the October 2023 reporting threshold of $150 million.
Monetary details about Allstate Company, together with necessary bulletins, is posted periodically at www.allstateinvestors.com.
Ahead-looking statements
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